I think the issue is the numbers don't look at roommate situations. People really shouldn't be paying for anything over $1000 by themselves unless they have the cash for it. Humans used to live in pairs and groups not meant to live alone!

​@EsotericDichotomy ... But you _could_ affordably live alone back then, and even support a small family on a single income.

​@@EsotericDichotomy700 sqft apartments here are 1500 a month. I guess if your cool with sleeping in the kitchen/living room that would work.

​@@Unzemwhy was bathroom excluded? That's a free bed right there in the tub

@@EsotericDichotomy So why didn't we have a 1$ minimum wage so our boomer parents had to live with roommates too? The concept of a bachelor pad is dead. You should question why twenty somethings never live alone now.

The sneaky thing about income taxes is you see what is on your check but tend to forget how much the government took from that. Another thing is people celebrating a tax refund after giving the government an interest free loan through the year. People tend to overlook how much they pay in taxes as long as there is a refund.

2% tax started a global revolution for the greatest country on earth, that same country is now being taxed at nearly 40% by the federal government. No one gives a crap in DC…

Come to Canada 😅

calling anything income is the second

although tax is just one of your bills they take out for you. Its like saying your electricity is taken out before you get it into your account, so therefore its money you didnt get paid.

Why? I can't fathom that. Do you not look elsewhere? There's something else going on.

@@racoming1035 wtf is wrong with you? Your wages have stayed stagnant for the last 14 years? And you've done absolutely nothing about it? After college I worked at 3 different companies in a 5 year span. The third company paid around 70% more than the first company. You have to learn how to leverage your experience and negotiate for better pay. You have a serious 'skill issue' that needs to be addressed.

Dude that‘s on you, if you had not pay raise for over a decade.

Air BNB isn't helping either ppl aren't selling just getting side money

Amen. I had to start renting about 5 years ago after losing my house. I hadn’t rented since the mid 80s and I had a nice roomy apartment (800 sq ft) for $345 a month which was less than 30% of my monthly income. Now I’m making $30,000 more a year and the cheapest apartment I could find is 600 sq ft and is 46% of my income. And they say rent should be no more than 30% of your income. I feel ya!

they’re still at war with centimeters

His figures aren’t comparing apples to apples.

Which generation taught your generation what a percentage is? You’re saying that the people born between 1946 and 1964 don’t know what a percentage is, making you look ridiculous. People like you also like to say boomers don’t know how to use technology. Which generation developed that technology. Steve Jobs and his team were boomers. Bill Gates and his team were boomers. Don’t be ridiculous. You know what else boomers can do? They can manage with or without technology, GPS or map, social media and text or face to face conversation. They can tell time. I’m a 1961 boomer with a BS in engineering and a 20-course MBA that included IT, finance, accounting, statistics, economics… I don’t know why you thing an entire generation before you are idiots, but you are mistaken.

@@JanieBgrandokay boomer

Fr at this point many of the ones I know tell me God is allowing this because he’s returning and that I should focus on the after life

Depends on where you live $12 a hour rented me a decent double wide and a good amount back into savings

​@@crimsonskies391where i live because of commifornias moving in that wont get you a shitty apartment

@@moparjr89communists exist in America because of these conditions under Capitalism 🤡. Read a book

You're brave

​@@crimsonskies391good for you the majority of places aren't like that

WW3? 😭

RUMBLING, RUMBLING'S COMING. 🗣🗣🗣

Do better

@@Kinary_Binary That's what Trump is trying to do. And they just tried to kill him yesterday. 🙄

Not for the trades which pay more anyhow. If you want a soft job go to college and make less. AI will be replacing all office jobs soon

Many colleges started programs for careers that aren’t even required (like an optician for example) and slapped a big price tag on them as well. When you’re a kid you don’t realize apprenticeships are even an option to obtain the same exact degree, so you put yourself into debt when you *could* have been making $ instead of wasting it and all while learning the same thing and getting the same exact job at the end of apprenticeship

​AI is going to replace you workers as well. Already has​ begun that. Also it you understand college graduated people that will get replaced by robots first. @@TheMpsmith

Its so much easier to control people when they are in debt and poor though! What better way than to convince the plebs that they can get ahead by spending copious amounts of money just to be employed in an entry level job? And if too many of them are able to access it, we will just increase tuition and loan interest rates! It's genius! How would the system work if we didn't have the backs of the poor to elevate the rich? Like... the Kardashians might have to actually do something productive for once in their lives.

+ 10 years experience

What degree did you get

@@tom24865probably gender studies

​@@tom24865gender studies

@@tom24865the forbidden question 😂

@@tom24865it would not matter in 5 years. AI is taking over

Truth. AND have perfect credit.

It's insane the measures apartment management is putting on the public to rent. People say "it's cheaper to buy a house" problem is you have to have great credit & a large down payment. Either way you're screwed.

yes, it was like that 30 years ago too. I had to get parents to cosign my first 3 apts in the 90s

Or quit making excuses and go buy an acre of land and build a house, or buy mobile home new/used, or buy a pre made cabin, or put a camper new/used on your very own acre/acres of land. But I guess buying an acre or so in the country is just too hard to understand.

​@@aclark9869 Can't do that without money.

economics is fun, you should study it sometime 🤷‍♂️

@@build4453you don’t study anything 😂 such a deep and thought provoking addition to the discussion 🤡

@@samanthafortier1763 Why would they do that? They've just imported approximately 12 million cheap laborers to do those jobs that'll be happy to get $2 an hour once their free ride from the traitors running our government is done.

Minimum wage isn't supposed to be for adults. Minimum wage is supposed to be for entry level teens starting their work life. They get little money because they have no experience. Why would anyone pay someone $10+ an hour to do a job they have literally no experience doing. If you are 25 + years or older and making $7.25 an hour that's on you. You need to learn a skill that makes you and your time more valuable to someone else. It's not the companies responsibility to pay your bills. It's your responsibility to be an asset worth paying more than minimum wage.

@@mds-kv2rs but those who are working more skilled jobs are also not making enough to live...

I remember in 2000, if you had $20. You could afford breakfast, lunch, and dinner. Not just one.😢

BIG FACTS!!

Which comes to roughly 32.76/hr if you're working standard work weeks. And that's before taxes, so realistically it's more because that 32.76 is being taxed at 22% then an additional 12% tax on any purchase

Changed to double the rent here in Colorado thankfully.

@@RealMTBAddict It will be like that everywhere after these apartments sit empty for a bit longer.

@@TheBlackSheepReport Facts! The apartment I moved out of 2 months ago still has a for rent sign up. And I'm still trying to get my deposit and rent back. About to JB weld their office doors shut 🤣

Most can't even do that on a full time job splitting bills ,4 ways

And I can’t even go out with friends once a month and still afford food

That is wild. I can barely afford gas with a part-time job.

I did 2 part time jobs in 2008 while going to college. One was $10/h for 25 hpw the other was $7.50/h for 10-20 hpw. 3 of us rented a 3 bed apartment in Tempe for 1800 total - so $600/m plus some for utilities per person.

Maybe if you knew it should be three friends and I, you would be doing better.

3X

3X here

I’m not saying landlords are great, most of them are jerks, but imagine you own an apartment building and you don’t require someone to make 2.5-3x their rent cost. If they lose their job, they can’t pay rent, then you have to go through an eviction process, losing income on those units. It’s not like they do it for no reason.

@@mattelmquist4473 yeah, but housing market is out of control, driven by greed. May not be these small landlords, but these wannabe real estate gurus that are effin it up for everyone. Making the market go insane.

​@@mattelmquist4473they also make tens of thousands of dollars per month that is not going to maintenance.

Bruh my 2 bedroom apartment is almost 2 grand a month, and im in the shitty part of town

Please tell others in your age group that the problem isn’t just lazy and entitled younger people. We are footing the bill for all the subsidized opportunities of generations before us.

@@shauntikayvette oh dude my whole group knows that the situation is fucked, we "calmly" correct 60-70 year olds all the time. "Oh, well back in my day you could buy a house from nothing within a year" yes gramps, but back in your day you could pay with labor. Nowadays 70% of our money is taken by the government to pad the pockets of corrupt politicians and a regular 9-5 can barely cover the cost of a sandwich. I dont know how many times I have to make this exact same argument but I won't stop until they either realize that they fucked everything up for us and fix it or the entire generation is dead. And we all know how much longer that'd going to take

And because the government decided everyone has the right to everything, they started increasing the minimum wage…putting more dollars into circulation and causing prices to rise. Rinse and repeat.

@@JaxxonBlaze69move, you have no excuse.

Well then you didn’t do a very good job as parents if that is true. The main reason younger people are having problems is because they don’t have their priorities straight. First, many choose stupid careers to go into, meaning a lot go to college and choose some stupid major that won’t pay anything. They just figure a college degree will mean they deserve a good salary, even if their skill set is useless. And even those that picked a good field are demanding to get paid far more than that degree entitles them to. No one wants to start at the bottom and work hard, they just want everything right now. And a college degree doesn’t mean you can do a job, or be good at it. There isn’t a single person right out of college that is qualified to a job. A college degree simply means you know the basics, at best. And let me ask you something, do your children have a smart phone and do they upgrade every year or so? How about the internet and streaming services, do they have them. Do they go out to eat or cook at home? How about when they are working, do they go out then or take their lunch. How about their cars, are they new or just a couple years old? Do they take vacations every year? And do they have kids of their own? There are so many people that say they can’t make ends meet but it is a lie. Making ends meet means paying for your housing, transportation, food, utilities, and basic clothing. All of those extras are luxuries and not needed. You live within your means at all times and you get those other luxuries over time when you can afford them. This country is the only country in which “poor people” have so many luxuries. They drive a new car, but they can’t pay their rent. They buy $8 coffees every day, sometimes twice a day, but they can’t afford to buy their groceries. And they spend $300 plus a month on smart phones, internet, and streaming services but they cannot afford to pay their electric bill. They lack priorities and waste money on needless things, many times putting them on credit cards. A good parent will teach their kids about priorities and how not to waste money they don’t have. Most of why a person cannot afford to make “ends meet” is because of their own actions, the rest is because of liberal politicians who don’t understand economics and spend way too much. Biden alone is responsible for a 20% increase in the cost of living since he took office.

​@@TheCrazyMoparDude68 ok boomer 👌

@@TheCrazyMoparDude68 I agree a lot with this. I don't know how to get people to focus on what they can do, rather than what they can't or won't do. :C People have a lot of power to change their circumstances if they put their minds to it.

@@TheCrazyMoparDude68 you sound out of touch with reality but go off i guess.

⁠​⁠​⁠​⁠​⁠​⁠@@TheCrazyMoparDude68not the person you responded to, but as a current young adult, making ends meet is not easy. I have a 5 year old smart phone I was gifted, I pay $35/month on service for it, I don’t pay for any streaming services. I cook at home nearly every time, and when I do go out its a special occasion and still not an expensive place to go. I make a lunch for work and my car is 13 years old. I haven’t been on vacation since I was young enough for my parents to be the ones paying. So no, even without these luxuries, living isn’t affordable. I’m not in the US, but my pay is about 18 USD/hour, and I live in the country, not the city, so things aren’t even as expensive here. Theres basically no chance of me ever having a family of my own at the rate the economy here is going.

Alot of restaurants and burger places are starting to go under.even burger King is talking about bankruptcy. Ppl dont eat out when things are expensive. It should tell you something when cookbook sales go way up.

I had to explain to my acting teacher that “starving artist” wasn’t feasible for me. Going hungry or sleeping in my car would be one thing, but my mom’s name is on my student loan, and my payments directly affect her credit. If I defaulted or did poorly financially she would likely lose her nursing license.

The most common boomer or boomer style response to this line of inquiry would be "get a better job" which, among many other things, implies that those who work minimum wage jobs don't deserve even sustenance level living. I don't understand how this kind of disregard is rationalized.

@@somedude7938 Selfishness. Entitlement, they've already got theirs so they don't care about anyone else. Religion is a massive contributor in my opinion.

people who dont understand how anything works say stuff like "the economy is bad"

Nailed it.

Maybe it’s because the government used to have regular minimum wage increases every few years and now it’s been more like 16 years without any increases. Maybe it’s because there used to be a 90% corporate tax but now theres a 4.4% corporate tax rate and all the taxes have been shifted onto poor and middle class people. Maybe it’s because the government is bought and paid for so they don’t care about solving these issues with legislation. But nah it’s probably women and immigrants.

I think we need to start convincing people that having children is optional.

@@AstronomyGuru84 No convincing needed, birth rates are falling off a cliff worldwide. Turns out people don't have kids when the government steals over half of what they produce and uses it to pay illegal immigrants to have kids.

​@@AstronomyGuru84and on the other hand if they fix the economy people wouldn't even give a second thought about it

My rent is close to that number. Living in decently large cities probably skews the numbers drastically.

@@floatingscrib I live in Houston.

Rent in my area for a one bedroom apartment is 1600-1800 depending on location

Most will push you to work 35 hours or even 39 to keep you under

Minimum wage jobs don’t offer 40 hour weeks due to healthcare reform. Find a non-minimum wage job and stick with it. The company I work for has more than 100 jobs posted right now. The expectation is 40 hours or more. Companies everywhere are hiring.

@@MrTyjnash from my experience companies did this way before health care reform, hell when I first started working some of my jobs giving 7.5 hours a day to keep me from being full-time.

Factory tends to, at least in my experience, but that is definitely not for everyone 😅 plus you gotta put up with waaay different bullshit

@@Lito64 From your experience, why would companies want to keep you under 40 hours? What’s the benefit to the company?

Turns out when you allow the government to unmoor the currency so that they can manipulate it in a dozen different ways it sorts of screws wage earners and tanks the power they have over the economy.

I can't help but wonder if doubling the workforce via feminism, and the entire continent of Asia rising out of poverty and undercutting us all on labor might have been a contributing factor

@@theredscourge Yes, those are both major factors. Mass immigration is another. Between women entering the workforce, mass immigration, and outsourcing, the labor supply has massively increased, which has massively decreased the price of labor (wages).

@@theredscourge Supply and demand. Before women entered the workforce, the household had to rely entirely on the income from the man, so he must get paid accordingly otherwise the job positions wouldn't be filled. Now the supply of workers has essentially doubled, companies are under no pressure to raise wages. Household now demand both parents work to sustain a household. And why wouldn't it? They can get away with it now. Meanwhile, companies are moving overseas due to lower taxes and operating costs abroad. And the population only continues to grow. Not only that, but fiat currency isn't pegged to gold anymore, so they can just print more through quantitative easing, adding more dollars into circulation which devalues the dollar and causes more debt. This is a Gordian Knot of epic proportions, and we are only just seeing the consequences of it now. It will get worse. "You will own nothing and you will be happy"

​@theredscourge That is an interesting thing to look at, but I don't think either of those are factors in the wages being stagnant.

so you want to defund the military?

​@@paranaplant entirely

​@@paranaplantAbsolutely. Biggest polluters, and doesn't produce anything. Huge drain on the economy.

And with it police and fire protection, clean drinking water, a safe food supply, animal control services, healthcare for the very young and the very old, construction, repair and maintenance of streets, highways, roads, and bridges, sanitation systems for the treatment and disposal of human waste, garbage pickup, close all prisons and let the inmates run lose in society, close all mental health facilities and let the mentally ill fend for themselves, close all nursing homes and let the frail and bedridden elderly fend for themselves. Also, no military, so we'll have to fight the inevitable foreign invasions with whatever weapons we have laying around the house. Those handguns and rifles will be especially useful against heavy artillery, helicopter gunships and guided missiles. On the bright side, we'll have a lot more money in our bank accounts so that paying the rent won't be a problem. Sounds like a plan.

@@paranaplant and single mothers

Ding ding ding! The suburban experiment failed. We need trams and everything else to return and improve.

You forgot to include the Billions of dollars that taxpayers are forced to spend on Illegals

I wonder why my comment was deleted because I said that the government gives billions of our money to Biden’s Newcomers

B i d e n gives billions 💵 to border crossers

How much for newcomers 🤑🤑

Absolutely correct.

This...the rich buying our elected officials

It’s also when you allow big businesses to run rampant and screw there workers over

@@Faciler473 And a powerful State is needed to reign them in, yes? Feel free to join my side on the Far-right. 😎👍

Beautiful said

Correct, because the cost of living is much worse now then the great depression. We are in a worse situation but handling it better.😂

College is hit or miss. For those who finish, in high-yield degree fields, its good. For a lot of others who don't finish or pick low-potential jobs, it's a huge burden.

It's only worth it IF you learn to do something valuable to future employers. Otherwise, why bother?

I don’t, but in California going to community college is free if you graduated after 2019 (~$500 a semester if not depending on course load, as you pay by unit rather than a bulk amount), then each semester at university once I transferred was ~$4500, so x4 that’s $18k over 2 years, not including rent. Things to keep in mind however: I was 21/22 making $56k a year which is higher than most 21/22 yr olds. Also this was a Cal State School, not a UC school, which has an extremely higher tuition rate, even though 99% of employers don’t care where the degree is from, they just care you have the degree.

We didn't have student loans. We had scholarships based on academic performance in high school and parents who sacrificed going on vacations and getting new cars to save every dime they could for their kids' college tuition. Back in the 80s you only went to college if you were top notch in high school AND had parents who saved their whole life to have money to put you through college. Percentage-wise, very few kids graduated high school and went on to college compared to today's youth. We didn't have debt because an easy student loan was near impossible to get. You had to earn your way to college. So, don't go off on the "In the 80s..." until you know what it was like to live in the 80s.

@@johnathansaegal3156 My cousin earned "free rides" everywhere he went. Schools competed for him. I had an academic scholarship, too (just one). My parents had saved for my education. Within 2 yrs. of completing my formal education, I was able to pay off their mortgage, buy them a new car, etc. Had to just do it because my Father absolutely refused to take money. "I did my duty as a parent."

It’s not that the minimum wage needs to be raised, it’s that the government needs to stop fucking taxing us to death. If you added up all the different ways they tax us, I’d be willing to bet that they steal at LEAST 2/3 of the average person‘s total income.

To be fair, raising minimum wages messes with the economy of the workforce.

Minimum wages increases have skyrocketed prices in California. You’re an idiot if you think it’s a good idea.

@@segganew voting for their raises makes people working for minimun wage even more fucked because it makes way less money circle in the market. this is a L to L situation

@@Malam_NightYoru or in simpler terms: raising minimum wage reduces demand for labor which increases unemployment

Yep, meanwhile the generation of existing home owners get tens of thousands in free equuty every year by doing nothing and still call us lazy.

Yeah it’s the same in Australia. A Boomer could save a house deposit in about two years back in the day, now it’s ten. But they still saying “just work harder” 😂

Accommodation is just too expensive, it take a fair chunk of the money.

@@MrStredders 100% correct. Aussie Boomers are just as myopic and greedy as American and other foreign Boomers. As an Aussie Gen X I am OK (now at 50), but my kids will struggle ...well, until I shuffle off and they get my assets to help them.

UK too. Same here.

Poland here, the same. You can buy a flat only when your grandma dies. We are still able to rent, but we cannot buy a home as banks denies. The rent is the same as mortgage rate

What if it is a couple, or roommates?

That's because in order to AFFORD the place, it must be no more than 30% (as it's been for many MANY years)! Get roommates or look for a cheaper place

@@Plowlady222 did you watch the video?

Banks won't give you a mortgage if it's going to be more than a 3rd as well.

@@charlebrownga I've applied for a mortage that would have only been 20% of my income with a great credit score and they still wouldn't give it to me but needing at least a 3 bed is the biggest issue. I could afford the mortage but was still denied

@@fatlarry1184 "for allowing kids to survive" BRUH💀

I’m just here to laugh at the lazy tide pod generation. Everyone’s a victim. What number booster are you on now princess? lololol

12 blueberries bas me dying 😂

@@EsmeraldaTOPeAutista I mean. Gen X was left to fend for themselves, plenty of youtube shorts on Gen X sharing their I dont give a shit mentality bc they were left to fend for themselves. @fatlary1184 just confirmed it

​@@EsmeraldaTOPeAutista yes the kids asked to be born so boomers/ silent gen think they did gen x a favor

We worked 2 jobs.

Exactly

@@superoffended6737 you worked two jobs as a fucking choice we work 2 jobs as a requirement to even be able to live we are not the same

@@augustuslunasol10thapostleUPS was hiring anyone during the pandemic. They pay 180k after about 6 years. Of course you have to work hard, so most don’t do it.

"AFTER" My man "AFTER 6 YEAR" So what are we supposed to do the 6 year we work for them? ​@@cuzr702

That's because they have 11 Mexicans living in them all sharing the same social and rent costs, while not paying tax. I am literally a house cleaner and if I had a penny for every Mexican nest I've seen on the job, I'd probably be able to afford a house lol

did he sleep in them?

Right? My dad was a alcoholic and drug addict who built houses sometimes and we lived in a 4 bedroom two bathroom 3200sq ft custom house he built on 7 acres outside dc for $30,000 and he and my mom had multiple cars and trucks and my mom didn’t work til we were older and then as a librarian. lol boomers have no idea. My mom sends us 600k home listings for a two bedroom house, I’m like woman did you forget your grandkids?

My father was a career drug addict alcoholic, he ALWAYS had multiple vehicles, trucks cars, beaters, jeeps even a convertible at one time. He probably went through 30 vehicles in his life it was like everytime he picked me up as a kid he was in something different. He also always lived on his own in random apartments in random cities. He was a under the table carpenter and spent like half of his money on drugs and alcohol, atleast. I am a sober hard working Man and I couldn't afford another car if my life depended upon it, used car that's 12 years old and barely runs. It's the Only vehicle I have Ever owned. Our quality of life has been DEMOLISHED by our Government.

Well, he learned how to live within his means and cut out things he did not need or want in order to achieve the things he did. Just like today.

@@jmackinjersey1 lol 😆

Barely anyone over 18 makes minimum wage today.

@@bradhartshorn Actually, on the east and west coast, almost everyone working retail or fast food is making minimum wage, even the workers that have been in the company for 10 or more years. This is because the minimum wage increased so much in the last 5 years that there will no longer be any raises to those workers.

@@michaelbuckley134 entry level hvac apprentice - with zero school/time in trade - $26.00. It is just a tough job, takes more effort than retail

@@bradhartshorn Barely anyone?! What rock did you crawl out of under with that statement.

@@michaelbuckley134 my mistake, I was referring to the federal minimum wage of 7.25/hr. Which effectively no one makes.

"Saying that politicians spend like drunken sailors is an insult to sailors, who at least have the decency of spending their own money" - Ronald Reagan.

L​mao, reagan introduced the biggest tax raise in peace times 😂

Yeah they’re not to good at the sacrifice part of earning a living. Good things snowflakes melt when heat get turnt up.

@@NLJeffEU Regan OK'd that tax increase and amnesty for the illegals at that time on a demoncrat promise to use some of the money to seal the southern border. They didn't and never have. Both parties are to blame for the mess we're in. So don't blame one side or the other. I will say though, the demoncrats had total control of congress and senate for over 40 years. The years when most of the crap causing today's problems were made law. And when the Social Security fund was drained/ stolen.

​@@NLJeffEUThat is factually not true, that would easily go to Obama.

But look at hose hundreds of people that are doing very well, you know, making at least a million a week!!!

You're a breath of fresh air, cause many from your generation pulled up the ladder and blamed it on our apparent laziness.

@@dupajasio4801 There is always hundreds of people doing well.. That not the problem. The reason the cost of living is so dam high is not due to some rich CEO.. Its the government taxing us to death. Thats it. Its a simple fix. Downsize the government, stop the spending, get out of our dam way and the economy will BOOM

You’re in the microscopic minority. I’d be willing to say at least 90% of your generation think it’s our fault and not the circumstances.

​@dupajasio4801 it's because they offer something that's worth 8 million in commerce a week. Can't blame a hustler for hustling and making money with something in demand. My income is less than 5% what I bring in the company I work for. I know that. I also know I didn't come up with the idea for the service we provide.

The rent can get up there in the Denver metro area.

@@floatingscriblive in denver metro and was about to say me 😂

My girlfriends brother lives in manhattan, 4300 for a one br apartment. We live in Charlotte nc, 1500 for a okay studio, 25 min commute to work. The only places cheaper then that are the welfare apartments that were ineligible to rent because we have jobs (I make 22 an hr as a construction inspector)

AZ has apartments advertising studios and 1 bedrooms for around that much - albeit along with specials to bring that cost down. Still, last decade we were paying hundreds less than that for a 3 bedroom. But that was also when rent increases began accelerating. Then the post COVID housing market got yolo'd. The gentrification is real, especially on the now formerly run down street that I work near.

There's certain areas of California as high as 2k+

My grandma died and I offered my aunts and uncles and my mom to be able to live there if I paid enough rent to cover the taxes. I'm in a one bedroom with my daughter because of housing costs. My mom and my aunts and uncles all own a house. They didn't need the money because my grandma had quite a bit. Well they sold the house and are now pissed the guy who bought it renovated it and turned it into a section 8 house.

A Coworker here west of PDX bought his first place for $98K in ~01, sold it ($110K)when he transferred to Austin in ~05, bought a beautiful home there with stonework walls, 3 car garage for $165K...

​@@kristingallo2158=(

"because they knew they couldn't find anything they wanted or where they wanted under a million" Or they could have rolled that equity forward into the new house and have only had a $200-300K mortgage.

MAGA boomer uncle got their house for 150k, it's 1.4mill now and cherry on top, they only pay 6k in property tax as well, so they have no reason to ever sell it, and can just live on the rent (4k+) it can generate for their retirement if they wanted to, but you know they made a crap ton everywhere else as well, without trying at all..

I'm gonna disagree, and say it IS a problem. $7.25 is ridiculous.

raising minimum wage IS part of that problem the REAL problem is there's no regulations on raising rent

@@JackBlaze30 I agree there are inflation issues, but dishonesty is another big one!!

If you had a brain jack raising minium wage was the start of inflation..companies has to raise prices to make their wages so company stays in business...

@@johnpalumbo6408 Inflation happens anyway, is the government supposed to let companies pay people less and less while giving their upper management more raises

We've got cool robots! They're just the arms tho

Soon we'll have robots. Then we'll all finally get some time off, and they'll pay for it or we'll riot.

we DO have cool robots and evil AI and wannabe supervillain tech execs nowadays… though theyre all way less cool than the novels

Look north canadas worse right now. Avg income for a 1 bedroom apartment is estimated to need 70k

Now imagine that among all of the developed countries the US is now No1 and suffers from the economic crisis LESS than any other countries. The whole world is completely screwed right now compared to 80s.

350 is a lot

When you flood the labor pool with a surplus of workers, guess what happens to wage growth, kiddo.

I make $82 an hour and my wife stays at home with the kids and even making money like this it's not easy!!

how?

@@pneuma6421learn how to spend less. 82hr and struggling. You need help

It's all been intentional all along...

Only for people who have parents that can help

Theses Einstein’s always trying to lie about reality. Everything is up so even with 24.00 you can’t survive. Ask him what everything besides rent adds up to? I’m sure his 48% would jump once he adds the water bill the trash the electric bill the health insurance the car insurance the high grocery bill. A 135K home now 480k is no problem? This dip sh*t is high on drugs.

​​​@@Max-ki6dfIt's also bad for parents who see their kids struggling and can't help (and who have such a thing as empathy). The only people it's good for, are the ones owning the investment properties. Some of whom may be parents, who may or may not be helping their kids....

​@@br3669 My point is that the system is completely rigged, against people from poor backrounds, and if not changed more and more people will fall out. From an empathy stand point it's bad for everyone ofc

Honestly this is very helpful.

BS.

They're trying to make it illegal to be homeless.

rent a tent incoming, people going to be renting their yards for tent people. its already happing Xd

Didn't account for anything else, but I think he was just showing the difference, not actual living expenses.

It seems to be getting worse, even to someone making over 25.00/hr for instance.... We should thank Resident Biden for this...

​@@DC9Douglaslmao the president does not decide taxes, and congress has not passed any new taxes under Biden.

​@DC9Douglas why's that? Can you point to anything he's actually done to cause this? Like not just parroting bs examples not backed by any facts but an actual piece of legislation , regulation, or anything at all verifiable, that you believe is causing the issue?

@@shortsthatdontsuck2174 fuel up 48%, electricity up 28%, baby food up 30%, groceries up 20%, rent up 21%.... all in the last 3.5 years.

这个说明有工资很高的毕业生拉高了和你的平均收入

That’s what I make right out of college with a stem degree. I don’t even want to know what people who didn’t major in stem are making.

Not gender studies obviously, should of done a STEM course.

@@smileyfacefrown2723 bro is still doing the redditor "gender studies" meme in 2024

yeah thats the worst part it was all generous estimates here

5 years in a skilled trade, you should be close to some licensure maybe you could use to negotiate for more pay or start your own company

We do not NEED to pay the internet or cell phone bill today either. The student loan was not adjusted for inflation, the student debt/Government guarantee and greedy colleges caused it to go up.

@@jmackinjersey1 Sure bucko, go without your cell phone and internet for three months and see how that works out for you.

​@@jmackinjersey1Jesus Christ.... How can you be an adult and be so clueless about how the world works? Do you know what email is? Do you know that literally millions of people have jobs BECAUSE of the internet? The fact that you think someone can live nowadays without the internet proves you've never set foot in a university in your entire life so how can you even presume to know how much money a student needs?

@@jmackinjersey1 Most jobs require you to be able to be reached via telephone. In case your boss needs to call you or HR or someone else. I'm just a cook and I have to be able to be reached. ESPECIALLY if I want to be in any position of management/head chef.... Good luck trying to get an executive chef job without a cell phone lol ...

⁠@@jmackinjersey1he says while typing on his cellphone

YUP! The greed of the property taxes levied by the township!

We are back to feudalism, only it is called capitalism now

That only means that a large number of people are willing to pay 30% of their salary to live there. A genuine question I have, is this like this in all cities or only in the most populated ones?

my house is made of chinese wood and built by a group of nice hispanics. I also live 30 minutes outside of the city limit. I dont understand how the bill came out to 500,000$?

@@chefaku You mean to Sleep in for about 8 hours MAYBE. Most people, if not via Online, still leave home to go to work. Most people don't spend most of their times at home, except the "Weekends", maybe. A Home is a nice Box to Collect our Materialistic Goods in and hope it stays in there while away moreso than for Living in.

Stuff like is made irrelevant by adding sufficient supply. Enough supply = landlords desperate for tenants

I was looking at some studio and man, almost 2k, the cheap one are in the bad neighborhood yet still up there in the thousands, totally a bad time to look for apartment

@@SigFigNewton We desperately need more supply. I think its a zoning and regulation issue as well as labor shortage (not a ton of house builders)

@@EsotericDichotomy I should learn more about the various regulations, see how much I think that is to blame in the past, the US government helped greatly increase the supply of real estate several times, but we’ve shifted so far right in recent decades that people would scream communism and be angry if that were repeated

I think the entitlements were a scam all along. I don't want to pay for a Boomer's social security or medicare. I will pay for myself and my family, stop taking my money to pay for strangers who didn't save for themselves!

As a boomer I'm frustrated by being blamed for the cost of housing. I'm a freaking secretary that never made more than $15.45/hr. But yet your problems are all.my fault? I helped my daughter buy her house. Why don't your parents help you?

​@@crismcdonough2804It, simply, isnt about you specifically. Its about all the boomers who went into government and passed every law they could get away with to screw up our economy and pad their own pockets. It about all the boomers who went into the the top tiers of companies and made toxic work environments, and then used all the people's effort and exploited them to, once again, screw up the economy and line their own pockets. Its about the advice boomers gave their children, telling them to go put themselves tens of thousands of dollars in debt that they could not ever get out of, and kicking them out of the house at 18. Like, nice for you that you arent the worst person in your generation (maybe; I dont know much about you), but people will generalize based on a percieved majority, and the majority of boomers have had a hand in ruining the country for anyone born more than 20 years after them

​@@crismcdonough2804Some people don't have living parents, let alone, parents who can afford to help their child buy a home... especially, if they have more than one child. 🙄

@@crismcdonough2804it’s not specifically *your* fault. You’re one person in a generation that commonly bashes this one, that doesn’t necessarily mean you unless you actually are part of the problem. This isn’t an attack on you

Of course people focus on the effect - it's what impacts them. Everyone knows the cause but we have no ability to affect the nation's fiscal policy. We don't even get the illusion that we can affect it since votes have no impact on the Federal Reserve.

I make $100k/year right now, but I do so as a union electrician. The pay actually is good, but we got that pay through collective bargaining.

But 100k a year IS a good salary, and that's not even debatable. It's well above the average in any age group. Just because people want to live in a city and pay 2500 a month for rent and massacre their earnings doesn't mean it isn't a good salary. If you make 100k and are living paycheck to paycheck it's a you problem. I am gen X and I'm tired of all this bullshit surrounding salary and cost of living. You have so many options, more than ever, to improve your cost of living and work remote that if you are struggling it's your fault. Like the other guy said, learn a trade. Be an electrician or a plumber and make good money. You guys believe everything is so bad because morons like this guy keep saying it's bad and none of you do anything to improve your own situation. Are things too expensive? Yes, they are. But it doesn't mean you can't live a good life. Stop complaining and make your life better.

@@georgen5882 like you said, you’re GenX. Try coming out of school trying to make ends meet with a family, a mortgage, and being on one income. Yes, it’s doable, but barely. And yes, it’s above average, and average is sadly lower than it should be for the reasons this guy talks about.

I dont even get 30k if my math is right this year maybe next, but I aint betting on it.

@@JJ-qo7th And worker scarcity. When I was trying to get into the unions in 2007 - 2012 I was competing with 1000+ applicants for 3 to 5 apprenticeship positions. These days the millwrights, pipefitters, electric brotherhood, etc...take apprentices almost no questions asked and they even lowered the apprenticeship time. Now if suddenly we had hundreds of thousands of potential applicants start applying for the unions I 100% guarantee pay would drop. Perhaps not the actual wage, but the amount you get to work per year. They already cut retirement pension in half for pipefitters & plumbers.

Taxes were much lower in the 80s.

he said he was doing gross income.

@@ScornedOne1080 yes genius, I'm aware but to include them would have greatly improved is point.

​@@ExcavationNationtaxes vary widely by state. He would have to do a national average and that would be confusing to most of the people watching this because their income tax could be much lower or higher than the average. He chose not to use taxes to simplify his point for a short.

@@bigfeesh5152 that's not true, take the federal tax rate, simple. I get state taxes are variable but federal is the same for everyone at their pay bracket. Cute try tho.

3rd at 30!? Unimaginable today!

I’m sorry your mom kept getting kicked out and couldn’t pay the mortgage.

@@rickybobby7276 Oh, wait... My comment makes no sense I just noticed! Too bad. 😔

​​@@trwn87 there isnt anyway to tell, people make too vague "comments" and possible jokes like the other "comment" back lol

@@PoKeKidMPK1 This is very true.

HOA fees on a rental?

@@tradconmom92yeah? I mean mine is called something like an amenities fee since I live in an apartment complex but I’m sure landlords who own houses in an HOA will make you pay that HOA fee

@@Yamommasbenis isn't one if the main rules in an HOA that you can't rent the house out? It has to be a primary residence in most HOAs? Or maybe that's just in my state.

@@tradconmom92 I live in an area where there is owned property being rented out we have an HOA in TX

@@deeitguy yeah, I looked it up and I guess there have been lawsuits against HOAs for trying to stop people from renting their own property, now owner have laws protecting them from their HOA so they can rent to people. Reguardless I'd never pay to live somewhere that had any right to tell me what to do with my property. That sounds insane

Well, where are you living? If you're in a big city earning minimum wage, you need to get out of there and find a job someplace rural. That's how you build wealth, not by staying where you can't afford to live.

Trick is to not live in high price areas only work there if you wish, lots of places 600 to 1000 and still nice in safe areas, don't try to have everything the Jones have and you will be ok, really helps to live with someone

​@@fifthlomat717 Theres less opportunity in rural areas.

@@Rundvelt easier said than done. and if everyone moves to where it is cheaper then it just gets more expensive.

@@SlumberBear2k It is easier said then done. Nothing in life is easy. And everyone won't do this because most people are not in a situation where they have to do this. This is a remedy for people who are struggling, not people who are established. If you're struggling, find a job out in a rural area, even if you don't like it, take it, get a home, pay the mortgage and re-assess.

Yes, getting a trade is probably the best thing to choose to do cus any trade certificates a person gets will always have them employed in some form because those jobs are in demand. However, most young adults are not going to choose to obtain a trade because it is not the cool job that they can't post about on social media to get likes and attention.

28 here trades are the way but it's not really an option to work really anything else I mean unless you have a trust fund, or some other kinda generational wealth.. I'm a 5th year apprentice and studying for my journeymans exam and even with that I still won't be able to live without roommates. I make 18 and hour and work 50-70 hours a week and man are taxes eating my ass up. I end up with like 6-7 hundred a week and that really doesn't make it far with how much it costs for tools in my trade, and when I've done my taxes I've never received anything over $300 when that's what they take from me every week because overtime puts me in a different tax bracket fucked if I do fucked if I don't. Then when I hear the older generations talk about how soft millennials and gen z are. We're out here making America work and y'all are out here are the actual cause. Think about it. This didn't start with the last 3 generations I'm not going to baby you though by giving you examples I'm to tired from overworking myself, learn how to use a keyboard and the Internet and do some research also fact check yourself before you get on my reply talking out your ass because I'm not the only one that feels this way. 👍

Trade school way to go

And how long will that last? Everyone and their mother is going into the trades. The massive influx of labor will create a bubble, then their wages will start to drop again. The same thing happened to truckers during covid when everyone thought it would be the new gold rush. Now truckers aren't getting paid the same.

And renting a one bedroom appartment instead of a house

Zoomers forget that not nearly as many people went to school or were able to get loans back then. They also forget there weren't phones and barely computers, and those mostly played pong. Take for granted miracles.

​@@AverageJoe-12 are you really gonna blame phones that shit is a cliche I see more people age 45 or 50 at my job on their phones then gen z and when they do look it's a message or a phone call

​@@AverageJoe-12And how many jobs incorporate technology into the day to day functions and even the application process? Oh that's right! The vast majority do. So because you weren't able to get loans that means we should have to suffer through predatory loan companies that you allowed to take over? Oh right my mistake, I should've been at the polls when I was a child.

@@AverageJoe-12 The stupidity of your argument physically hurts my brain. Boomers who went to college were able to pay tuition by working a summer job at minimum wage. And most jobs at the time didn't require college, so most did not go. Now, the same jobs require a higher level of education simply as a means of weeding out applicants because Boomers allowed the workforce to be flooded with tens of millions of immigrants. And I dare you to hold a good job without a smartphone in this day and age. Your generation has destroyed your grandchildren's ability to afford a family. You have effectively killed off your own bloodline.